By Alok Gupta, Real Estate Consultant Almost every State in India has its own Rent Control Act. A lot of debate is going on whether the government should bring in a law to control the renting of properties in India or not. Whether one such law would be enough to cater to such a widespread industry […]
THE MODEL TENANCY ACT, 2019more
By Abhay Shah, Realty Quarter Liquidity is the capacity of a firm, company, or even an individual to cover their debts without experiencing disastrous losses. Liquidity risk, on the other hand, stems from the lack of marketability of an investment that cannot be purchased or sold rapidly enough to avoid or minimize loss. It is typically expressed […]
What is liquidity risk? What are the liquidity risks involved in an investment?more
By Abhay Shah, Realty Quarter For the optimistic Mumbai-Ahmedabad Bullet Train project, the National High-Speed Rail Corporation Ltd (NHSRCL) has opened a tender, the third in 2019, with bids offered for a maintenance depot and an elevated station in Anand, Gujarat. With the recent tender, the company has invited offers to construct about 69% (348 km) of […]
NHSRCL submitted a tender for Mumbai-Ahmedabad Bullet Train project for the elevated station at Anand, Gujarat.more
By Abhay Shah, Realty Quarter Blackstone Group, a private equity giant based in the USA, will purchase the remaining 50% share in commercial properties of Indiabulls Real Estate for about Rs 4,800 crore three people with direct knowledge of the development said. The deal is fixed as one of the biggest transactions in the country’s real estate portfolio. […]
Private Equity giant Blackstone is set to deal with Indiabulls Real Estate commercial properties for Rs 4,800cr.more
By Abhay Shah, Realty Quarter A builder cannot “force” a buyer to take over a ready house if it is postponed. The Supreme Court ordered that the client will seek a refund. Making an order from the National Consumer Disputes Redressal Commission to a builder based in Pune, the SC bench comprising Justices U U Lalit and Vineet Saran stated, “While the villa is ready to be occupied (as the appellants affirm), the delay of almost five years is an important factor and the negotiations can now be imposed on the participants. Therefore, […]
Supreme Court orders, delayed houses can’t be forced to be obtained by home buyers.more
By Abhay Shah, Realty Quarter On 2nd of August, the income tax department disclosed raids on 40 premises of a real estate firm based in Mumbai claiming to have detected Rs 700 Crore worth of tax deception. The Central Board of Direct Taxes (CBDT), which frames tax policy, issued a declaration saying that the operation took place […]
Income Tax Department conducts a raid on prominent real estate firm in Mumbai, Pune and identifies Rs 700cr as black money.more
By Abhay Shah, Realty Quarter In the past, many slum residents underwent redevelopment complained that developers didn’t pay the rent amount for the accommodation for transit. For instance, More than 100 slum residents of the Dhobi Ghat slum rehabilitation project in Mumbai have been telling us that they have not received their monthly rental from the developer […]
Three years advance rent payable by developers under SRA projects: Maharashtra Government.more
By Abhay Shah, Realty Quarter On Thursday the centre approved the construction of nearly 1.4 lakh more homes under the Pradhan Mantri Awas Yojana, which would take more than 85 lakh houses to be built under this scheme. The Union Housing and Urban Affairs Ministry said that the approval of this decision was provided by […]
The government provides approval for construction of about 1.4 lakh more houses under PMAY (U).more
By Abhay Shah, Realty Quarter Realtors’ body, NAREDCO (National Real Estate Development Council), stated that the proposed model tenancy legislation would greatly encourage rental housing if enforced in all states, and anticipated builders to build at least 50% of their total rental inventory in the next five years. A draft of “The Model Tenancy Act 2019” […]
The model tenancy law can induce developers to build about 50% of houses for rent purpose: NAREDCO.more
By Abhay Shah, Realty Quarter Housing Minister Radhakrishna Vikhe Patil said on Wednesday that his Government will approach the ministry of shipping and surface transport for the 100-acre Mumbai Port Trust to build transit camps to provide alternative accommodation for “dangerous” building occupants. “The government decided to redevelop the 500-odd hazardous buildings in the city after […]
Maharashtra Housing Minister is planning to create transit camps for dangerous buildings occupants.more